Topic Education
ICLR to host webinar related to extreme rainfall on March 24
March 2, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will be holding a webinar on “physics” versus climate models as related to extreme rainfall on March 24. The ICLR announced the webinar, titled Practical issues in updating IDF curves for future climate:…
Speakers weigh in on contentious topic of insurers with “broker arm interrupters”
March 1, 2017 by Jason Contant, Online EditorIf an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream…
Fintech firms can ‘get to market quickly,’ ICTC speaker warns
February 28, 2017 by Greg Meckbach, Associate EditorCompetitors outside the property & casualty industry are trying to “bite away” at the P&C market, while fintech is starting to “emerge in spaces where banking isn’t,” a senior executive with a major insurer told industry professionals Tuesday. “Over the…
Tech and talent crunch among six major forces shaping Canadian P&C insurance in 2017: EY
February 28, 2017 by Canadian UnderwriterA “potent combination” of technological change, talent pressure, customer expectations and cyber risks is forcing Canada’s property and casualty (P&C) insurers to embrace innovation more urgently than ever in 2017, according to a new report from EY. EY’s 2017 P&C…
Court appoints committees to represent Economical mutual and non-mutual policyholders
February 24, 2017 by Canadian UnderwriterAn Ontario court has appointed two committees to negotiate the allocation of benefits from a demutualization of Economical Insurance, the Waterloo, Ont.-based insurance carrier announced Friday. No federally regulated P&C insurers have demutualized yet. Canada did not have regulations allowing…
Global insurance CEOs concerned about skills shortages and related pace of technological change: PwC survey
February 22, 2017 by Canadian UnderwriterInsurance CEOs have the biggest concerns in the financial services industry over skills shortages and the related pace of technological change, according to a new survey from PwC. The survey, titled Ahead of the curve: Confronting the big talent challenges…
Canadian Reports and US-Reports merge to create risk solutions company Afirm
February 22, 2017 by Canadian UnderwriterH.W. Kaufman Financial Group announced on Wednesday that it has “strategically” combined US-Reports and Canadian Reports, rebranding both companies under the name Afirm. The merger will continue their global presence and allow a single source for loss control inspection, premium…
Most Canadian IT professionals report some security solutions “outdated and inadequate”: study
February 14, 2017 by Canadian UnderwriterMost IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study…
RMS appoints Mike Pritula as president, effective March 1
February 14, 2017 by Canadian UnderwriterRisk Management Solutions, Inc. (RMS) announced on Tuesday that it has appointed industry veteran Mike Pritula as president, effective March 1. Pritula will lead RMS’ client service and market development, advancing the company’s role in delivering value to enable its…
CEOs “particularly” anxious about data breaches: PwC survey
February 13, 2017 by Canadian UnderwriterNearly one in four chief executive officers surveyed by PriceWaterhouseCoopers “strongly agree” that how their firms manage people’s data will “differentiate” their companies. “CEOs are particularly anxious that breaches in data security and ethics, and IT outages and disruptions could…
IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat
February 13, 2017 by Kevin Bissett - THE CANADIAN PRESSFREDERICTON – A year after IBM began teaching its Watson computer system to fight cybercrime, the company is making the platform available for use. “Now he gets a job and makes us some money,” quipped Caleb Barlow, vice-president of IBM…
Insurance Brokers Association of Canada appoints former MP Peter Braid as new CEO
February 13, 2017 by Canadian UnderwriterThe Insurance Brokers Association of Canada (IBAC) has announced the appointment of its new CEO, Peter Braid, effective Feb. 27. IBAC chairperson Lorne Perry announced the appointment in a press release on Feb. 10. Braid is a former Member of…